New Issue: RBC prices $1.53 million 9% reverse convertible notes on Uber

Chicago, Dec. 20 – Royal Bank of Canada priced $1.53 million of 9% issuer callable reverse convertible notes due Nov. 26, 2021 linked to the common stock of Uber Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes may be called at the issuer’s option on any quarterly call settlement date at par plus any interest due.

The payout at maturity will be par unless the stock falls by 50% or more, in which case the payout will be a number of shares equal to par divided by the initial share price or, at the issuer's option, the value of those shares in cash.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Issuer callable reverse convertible notes
Underlying stock:	Uber Technologies, Inc. (UBER)
Amount:	$1,532,000
Maturity:	Nov. 26, 2021
Coupon:	9%, payable monthly
Price:	Par
Call:	Callable quarterly at par plus any coupon due at issuer’s option
Payout at maturity:	Par unless stock falls below barrier price, in which case number of shares equal to par divided by the initial share price or, at the issuer's option, the value of those shares in cash
Initial share price:	$29.56
Barrier price:	$14.78, 50% of initial price
Pricing date:	Nov. 22
Settlement date:	Nov. 27
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78013GTM7

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